Genius Sports (NYSE:GENI) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Genius Sports (NYSE:GENI) from an equal weight rating to an overweight rating in a research report sent to investors on Friday, Marketbeat.com reports. The firm currently has $16.00 price target on the stock, up from their prior price target of $13.00.

A number of other brokerages have also issued reports on GENI. Guggenheim set a $17.00 price target on Genius Sports in a research note on Thursday, December 4th. New Street Research set a $17.00 price objective on shares of Genius Sports in a report on Thursday, December 4th. UBS Group set a $16.00 target price on shares of Genius Sports in a report on Monday, December 8th. Benchmark reaffirmed a “buy” rating and set a $16.00 price target on shares of Genius Sports in a research report on Tuesday, December 30th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Genius Sports in a research note on Tuesday, December 16th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.20.

Genius Sports Price Performance

Shares of NYSE GENI opened at $10.70 on Friday. The company has a 50-day simple moving average of $10.44 and a 200-day simple moving average of $11.36. The company has a market cap of $2.30 billion, a PE ratio of -22.76 and a beta of 1.81. Genius Sports has a 12 month low of $8.15 and a 12 month high of $13.73.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.18). Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.39%. The business had revenue of $166.28 million during the quarter, compared to analyst estimates of $156.24 million. On average, analysts anticipate that Genius Sports will post -0.1 EPS for the current year.

Institutional Trading of Genius Sports

A number of institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in Genius Sports by 275.5% in the second quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after purchasing an additional 2,920 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Genius Sports during the third quarter worth about $65,000. Strs Ohio boosted its position in shares of Genius Sports by 178.9% in the third quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after buying an additional 3,400 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Genius Sports in the second quarter valued at about $75,000. Finally, Amalgamated Bank acquired a new stake in shares of Genius Sports in the second quarter valued at about $79,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.